Susquehanna Has Lowered Expectations for Ballard Power Systems (NASDAQ:BLDP) Stock Price

Ballard Power Systems (NASDAQ:BLDP - Get Free Report) TSE: BLD had its price objective decreased by analysts at Susquehanna from $1.40 to $1.30 in a report issued on Monday, Marketbeat.com reports. The brokerage currently has a "neutral" rating on the technology company's stock. Susquehanna's price objective points to a potential upside of 14.54% from the stock's previous close.

Several other equities analysts have also recently commented on BLDP. BMO Capital Markets lowered their price target on shares of Ballard Power Systems from $1.30 to $1.20 and set an "underperform" rating on the stock in a report on Friday, March 14th. National Bankshares lowered their target price on Ballard Power Systems from $2.60 to $2.00 and set a "sector perform" rating on the stock in a research note on Friday, March 14th. HSBC reduced their price target on Ballard Power Systems from $1.90 to $1.40 and set a "hold" rating for the company in a report on Friday, March 14th. Raymond James dropped their price objective on Ballard Power Systems from $2.50 to $2.00 and set a "market perform" rating on the stock in a report on Friday, March 14th. Finally, UBS Group set a $1.25 target price on shares of Ballard Power Systems in a research note on Friday, March 14th. Seven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $2.08.

Ballard Power Systems Stock Down 5.4 %

Shares of NASDAQ BLDP traded down $0.07 during mid-day trading on Monday, reaching $1.14. The company had a trading volume of 5,761,152 shares, compared to its average volume of 5,428,617. The company has a debt-to-equity ratio of 0.03, a quick ratio of 8.19 and a current ratio of 9.01. The company has a market capitalization of $339.86 million, a price-to-earnings ratio of -1.03 and a beta of 1.84. The stock has a fifty day moving average of $1.25 and a two-hundred day moving average of $1.45. Ballard Power Systems has a 12-month low of $1.00 and a 12-month high of $3.34.

Institutional Trading of Ballard Power Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank boosted its position in shares of Ballard Power Systems by 181.5% in the fourth quarter. Toronto Dominion Bank now owns 78,628 shares of the technology company's stock valued at $131,000 after acquiring an additional 50,695 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Ballard Power Systems in the 4th quarter worth $150,000. Two Sigma Advisers LP increased its holdings in shares of Ballard Power Systems by 104.6% during the 4th quarter. Two Sigma Advisers LP now owns 975,100 shares of the technology company's stock worth $1,619,000 after purchasing an additional 498,600 shares during the period. Two Sigma Investments LP raised its position in shares of Ballard Power Systems by 58.4% during the fourth quarter. Two Sigma Investments LP now owns 1,793,296 shares of the technology company's stock valued at $2,977,000 after buying an additional 661,413 shares during the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of Ballard Power Systems by 51.3% in the fourth quarter. Tidal Investments LLC now owns 400,533 shares of the technology company's stock valued at $665,000 after buying an additional 135,752 shares during the period. Institutional investors and hedge funds own 28.02% of the company's stock.

About Ballard Power Systems

Ballard Power Systems Inc engages in the design, development, manufacture, sale, and service of proton exchange membrane (PEM) fuel cell products. The company offers its products for power product comprising for bus, truck, rail, marine, stationary, and emerging market, such as material handling, off-road, and other applications.